iBankCoin

SHOWTIME!

Okay Ladies and Gents, this is it! CVI and TSO quarterly reports are in and they were stellar. I am long of CVI (no Gartman) in small size and expect to bank coin on my shares tomorrow. But the 10,000lb gorilla snorting cocaine and smacking people in the faces with pancake pans is WNR.

On the skin of my cock, WNR shall report BETTER THAN EXPECTED NUMBERS tomorrow and guide the fuck up. Mind you, if they do not, the management at WNR is retarded, so don’t get mad at them. They’d have to be physically disabled to fuck up 321 cracks of $30+ and 20%+ Brent to WTI premiums. I mean, the CEO would have to roll into work in a fucking stretcher every day and gamble company profits on DNDN calls on a daily basis to miss this quarter.

I expect the shorts will catch spears through their skulls tomorrow, then tossed aside onto flaming barrels of garbage for easy disposal.

Aside from crazy anomalies, in my opinion, the only way WNR trades down tomorrow is if they announce a secondary offering, which is possible, considering their debt load. Plus, the relative share price is high. I hate to shit on your umbrellas; but that’s how the capital markets work. Don’t get mad, just deal with it and quit bitching about piker shit.

Barring an offering, “The Fly” will be fully robed and sandaled tomorrow, burning incense in his office until the fucking fire department is dispatched. I am crowned by the Gods, administrator of banking coin on these here internets. You should conduct rituals on my behalf and offer sacrifices in my name, as payment for what I do here.

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29 comments

  1. Keith

    hi : )

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  2. JakeGint

    Dollar’s rebounding tonight. Could be a “rhu-ro” moment for us all.

    __________

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  3. Woodshedder

    Bulls: Beware the Bullish Hammer which May Indeud Beat Your Balls

    Other than that, carry on. Oh, and congrats Flyseph. You’ve done well playing with your WNR.

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  4. John

    I am long a handful of WNR calls. Hopefully you’re right and it’s not already priced into the stock. They report before open, correct?

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  5. FIG

    wow, TSO beat by .34! What is wrong with the analysts? They haven’t noticed that crack spreads are through the roof?

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  6. The_Real_Hmmm

    WNR common did get diluted I believe when the 2014 convertible senior notes were activated from April 1 – June 30. If-converted value prior to conversion was $122M as of March 31. I suspect some of the large short float was due to convertible arb. I’d be kind of surprised if they diluted here with a secondary when fixed rates are so low.

    Do you know how the 11.25% 2017 senior secured notes have been trading the past couple quarters?

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  7. ottnott

    Let’s hope that WNR actually operated their refineries this quarter.

    Last quarter, WNR kept their facilities closed so management could use the piping and framework to hang their wet laundry.

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  8. Buzzy

    WNR is one ugly looking stock up here. Wouldn’t be surprised to see it at $10.

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  9. kedzilla

    the mere thought of a secondary offering made me go limp

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  10. dortmunder

    mr fly…your greatness will peak because you have such shitty taste in music

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  11. razorsedge

    dndn ouch, i dont own but,,,ouch, 50%gold 50%cash

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  12. Mr. Cain Thaler

    WNR management announcing they hedged all operations at $10 WTI-Brent spread, coming soon to a theatre near you.

    Kidding, kidding…

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  13. Kenny F. Powers

    WNR, down 8.5% and heading lower, not fucking good…

    6:08AM Western Refining misses by $0.17, beats on revs (WNR) 19.90 : Reports Q2 (Jun) earnings of $0.94 per share, $0.17 worse than the Capital IQ Consensus Estimate of $1.11; revenues rose 19.3% year/year to $2.56 bln vs the $2.16 bln consensus. The improved results for the quarter were due to stronger refining margins, which were primarily the result of the continued price advantage of WTI crude oil as compared to Brent and other water-borne crude oils.

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    • j

      They made 1.10 per basic share which is how anal(ysts) look at this stuff, not on the 94 cents diluted share.

      They also took a $30 million loss on hedging again so that takes it up to 1.30 normalized. That’s not a bad deal at all.

      If they can continue making say 1.10 over 4 quarters, stick an 8 multiple, it suggests 37 bucks a share.

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      • Mike

        so whats the call for today????

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        • drummerboy

          hold.and if gets beaten down buy more when the dust settles…….cause some big shark is gonna come by and gobble their knob right after everyone sells. location location location

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          • Mike

            no more powder…I was all in on this report….guess I just ride it out….these cock suckers should have KILLED IT!!!! the production was down so the profits stayed short of expected………

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  14. razorsedge

    the bar was high

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  15. Oxy

    Premature ejaculation for the WNR morons here and in PPT even more so !

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  16. Green Machine

    To anyone else who nibbled on some SLF this week.

    HEY-OOOO!!
    “Excluding one-time items, profit was 73 cents a share, beating the 58cent average estimate of 13 analysts surveyed by Bloomberg.”

    Read more: http://www.calgaryherald.com/business/SunLife+posts+fourth+consecutive+profit/5203291/story.html#ixzz1U3s9NQyk

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  17. Schizo1688

    The show

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  18. WNR Blows

    Suck it Fly, your stock sucks like you do at picking them.

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